There are lots of these type cameras on the market.
Some for as little as $100.

They are actually a digital camera wearing a different suit.

A digital camera such as the Canon SD300 can perform just as well or better.

None of the people that review cameras seem to be interested in the camera/camcorder, so there is no guidance as to what is good, bad or indifferent.

The primary problem is the cost of the media.
A 512MB memory card may give you less than 20 minutes of recording time when you are recording at the best quality setting. Then you have to off-load the card to a computer or buy another card.

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